Share Issue/Capital Change • Jun 20, 2011
Share Issue/Capital Change
Open in ViewerOpens in native device viewer
News Details
Corporate | 20 June 2011 15:57
SINGULUS TECHNOLOGIES AG Successfully Concludes Capital Increase with Subscription Rights from Authorized Capital
SINGULUS TECHNOLOGIES AG / Key word(s): Capital Increase
20.06.2011 / 15:57
Press Release
SINGULUS TECHNOLOGIES AG Successfully Concludes Capital Increase with Subscription Rights from Authorized Capital
– Capital increase clearly oversubscribed
– Capital increase in the amount of up to EUR 26.0 million with high subscription rate and high oversubscription successfully concluded
– Proceeds from capital increase will be invested in further growth
– Sales increase in the amount of 33 % forecast for 2011
– Executive Board and Supervisory Board exercised subscription rights
Kahl am Main, June 20, 2011 – The SINGULUS TECHNOLOGIES AG (SINGULUS) successfully concluded the capital increase by 7,880,203 common bearer shares in total with a nominal value of EUR 1.00 each and profit entitlement from January 1, 2011 against payment in kind. The Capital increase was clearly oversubscribed.
In the course of the rights offer concluded as scheduled on June 17, 2011, the shareholders of the SINGULUS TECHNOLOGIES AG subscribed all 7,880,203 new shares by means of exercising their subscription rights and of oversubscription. With the exercise of the subscription rights to subscribe 4,462,128 shares with a subscription rate of 56.6 %, 3,418,075 new shares (about 43.4 %) were available for oversubscription. Overall, 28.75 million new shares were requested for oversubscription. Due to this high oversubscription, the actually submitted oversubscription is implemented with a ratio of about 11.89 %.
The Executive Board and Supervisory Board deem this high subscription ratio and the high request for oversubscription of the shareholders as a major proof of trust in the future development of the SINGULUS TECHNOLOGIES AG. The Executive Board and the Supervisory Board have exercised their subscription rights to the full extent and have asked additionally for more shares if available.
With the entry of the implementation of the capital increase into the commercial register, which is expected to take place on June 22, 2011, the total number of outstanding shares of the company rises to 48,930,314 shares. The delivery and payment for the new shares will presumably take place on Friday, June 24, 2011, but after their admission to the stock market at the earliest.
Capital increase: investment for the future of the company
The gross proceeds from the capital increase of up to EUR 26.0 million are mainly intended for the expansion of the market leadership in the Optical Disc division as well as the further accelerated expansion in the strongly-growing Solar segment. To a lesser extent the proceeds are used to repay debt to reduce costs and to be able to operate more independently.
For the full-year 2011 SINGULUS has issued a sales forecast of more than EUR 160 million (+ 33 % compared with the previous year: EUR 120.1 million). Following three years with negative earnings, the company is expected to post a positive result in 2011.
Profile SINGULUS TECHNOLOGIES AG:
SINGULUS plans to further expand its activities in the segments Solar and Optical Disc. The goal is to attain a leading position in the silicon and thin-film solar technology and to maintain the technologic leadership in the Optical Disc segment.
SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890
Contact:
Maren Schuster, Investor Relations, Tel.: + 49 (0) 16096090279
Bernhard Krause, Corporate Communications,
Tel.: + 49 (0) 1709202924
Contact:
SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890
Contact:
Maren Schuster, Investor Relations,
Tel.: + 49 (0) 6188 440 612,
Bernhard Krause, Corporate Communications,
Tel.: + 49 (0) 6181 98280 20 / +49 (0) 170 9202924
End of Corporate News
20.06.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
| Language: | English |
| Company: | SINGULUS TECHNOLOGIES AG |
| Hanauer Landstrasse 103 | |
| 63796 Kahl am Main | |
| Deutschland | |
| Phone: | +49 (0)1709202924 |
| Fax: | +49 (0)6188 440-110 |
| E-mail: | [email protected] |
| Internet: | www.singulus.de |
| ISIN: | DE0007238909 |
| WKN: | 723890 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart |
| End of News | DGAP News-Service |
| - - - |
| 129176 20.06.2011 |
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.